The decline has accelerated and we are confident that wave C (or 3) within the bearish cycle from 2.1160 has started.
Remember, the longer term (a month or 2 out) objective is not until near 1.8500. Very near term, the drop from 2.0047 appears to be unfolding as an impulse, which inspires confidence in the larger bearish bias. 1.9745/55 should provide short term resistance.
